The symmetrical pattern means a neutral chart pattern with two converging trend lines. More likely to break out in the direction of the prevailing trend.
SELL BELOW - 7470
BUY ABOVE - 7580
Note
#CrudeOil trading strategy after hitting 7459Wait for crude oil to hit 7459 and then see if it gives a direction.
If it breaks out to the #upside, consider buying above the breakout level.
If it breaks out to the #downside, consider selling below the #Breakout level.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.